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Are State Public Pensions Sustainable? Why the Federal Government Should Worry About State Pension Liabilities
Social Science Research Network 
Dec. 29, 2010
Excerpt: This paper analyzes the flow of state pension benefit payments relative to asset levels and contributions. Assuming future state contributions fund the full present value of new benefits, many state systems will run out of money in 10-20 years if some attempt is not made to improve the funding of liabilities that have already been accrued.
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